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Dubai, UAE; 14 September 2017: Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, has announced that it has recorded sales of AED1.3billion over the Cityscape Global 2017 held between Sep 11 and 13 in Dubai. This has been the most successful edition of the event for Azizi Developments till date.
On day one of Cityscape itself, the entire phase one and 50 per cent of the inventory of phase two of the AED12bn waterfront project Azizi Riviera was sold out.
Inspired by the French Riviera, Azizi Riviera is collectively made up of 69 mid-rise residential buildings of 13,000 units of studio, one-bedroom and two-bedroom apartments, a mega integrated retail district and a four and a five-star hotel. Located in the prestigious Meydan One district, the project commenced construction in July this year with the completion of phase one and two scheduled for the second half of 2018.
Azizi Developments has also witnessed successful sales across a number of its other projects at Cityscape 2017, including Farhad Azizi Residences in Dubai Healthcare City, Azizi Mina serviced apartments on The Palm Jumeirah and residential developments at Al Furjan. The total value of all projects showcased at Cityscape 2017 amounted to approximately AED20billion.
Farhad Azizi, CEO of Azizi Developments, said: “Cityscape 2017 proved to be an excellent platform for us and we are delighted with our performance at the exhibition. The fact that we were one of the busiest stands shows the insatiable appetite of buyers and investors for quality real estate projects which we are committed to deliver. The visit by His Highness Sheikh Mohammed bin Rashid Al Maktoum made it even more special for us.”
He added, “Thanks to the vision of His Highness, Dubai has grown to become an attractive destination for developers, home buyers and investors. Azizi Developments is committed to contributing to the realisation of this vision of developing Dubai by delivering world class unique community lifestyle projects to buyers and investors.”
A recent study released by Cityscape Global and a YouGov Survey stated that the UAE has retained its position as the most desirable country for GCC real estate investment in the Middle East.
Azizi Developments has been conceptualising and developing new projects across the city to drive this demand from GCC investors and individual buyers, especially ahead of Expo 2020.
The Azizi Riviera has been Azizi Developments’ most ambitious development till date. Following its success at Cityscape Global 2017, the developer said it would announce two new mega developments at Meydan One in the last quarter of this year. The projects will be four times the size and value of the Azizi Riviera.
